Cushman & Wakefield (NYSE:CWK) Releases Earnings Results, Beats Expectations By $0.02 EPS

Cushman & Wakefield (NYSE:CWK) posted its earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02, FiscalAI reports. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. Cushman & Wakefield’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS.

Here are the key takeaways from Cushman & Wakefield’s conference call:

• Delivered a strong quarter with 9% revenue growth to $2.5B, 15% adjusted EBITDA growth, and 67% adjusted EPS growth to $0.15, and management reaffirmed full-year adjusted EPS guidance of 15%–20%.
• Leasing and capital markets were major drivers — leasing was the company’s highest-ever Q1 revenue, up 17%, while capital markets grew 14% globally with notable strength in industrial and data center-related activity.
• Balance sheet progress continues — the company announced a $100M redemption (part of ~$600M repaid since 2024), trailing-12-month free cash flow conversion is ~70%, and net leverage improved to 3.1x toward a 2x target by 2028.
• Reporting changes disclosed in an April 8 8?K remove several previously disclosed non?GAAP metrics (including fee revenue breakdowns and adjusted EBITDA margin), and revenue will now be presented inclusive of gross contract costs, reducing consistency of prior comparability.
• APAC profitability declined year-over-year due to tough comps (large Japan transactions a year ago) and a one?time $3.5M joint-venture credit-loss provision in China, though management described underlying demand there as recovering.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock traded up $0.31 during midday trading on Friday, hitting $14.16. The company’s stock had a trading volume of 1,004,931 shares, compared to its average volume of 1,915,924. Cushman & Wakefield has a 1-year low of $9.43 and a 1-year high of $17.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50-day moving average price of $13.18 and a two-hundred day moving average price of $14.88. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 37.25 and a beta of 1.50.

Institutional Trading of Cushman & Wakefield

Several hedge funds and other institutional investors have recently bought and sold shares of CWK. Royal Bank of Canada increased its holdings in Cushman & Wakefield by 39.6% in the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after buying an additional 27,940 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cushman & Wakefield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock valued at $1,393,000 after buying an additional 5,929 shares during the period. United Services Automobile Association bought a new position in Cushman & Wakefield in the 1st quarter valued at about $139,000. Jane Street Group LLC increased its holdings in Cushman & Wakefield by 1,821.3% in the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock valued at $2,855,000 after buying an additional 264,855 shares during the period. Finally, Focus Partners Wealth bought a new position in Cushman & Wakefield in the 1st quarter valued at about $218,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CWK. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Barclays cut their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research note on Monday, February 9th. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research note on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.